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Offshore wind, as a gigawatt-scale source of renewable power, has the capability of providing energy to offtake beyond traditional grid interconnection. Market demand for green hydrogen production, green ammonia production, and carbon capture and storage is growing quickly as all industry sectors respond to the need for greener fuel sources.
The first event of its kind in North America, the OSW Power-to-X Summit will explore the world of alternative power offtakes for offshore wind projects, including hydrogen and ammonia production, as well as carbon sequestration and other forms of utility-scale power demands. Learn what the implications will be for supply chain companies, policymakers, workforce development, and the entire ecosystem surrounding offshore wind.
Join us in Houston for the inaugural Summit to hear from experts across different industries and explore how these alternative offtake mechanisms will shape the supply chain of the future.
Note that this agenda is subject to change
DNV staff will provide detailed technical background on the various offshore wind offtake opportunities beyond direct connection into the electric grid. Utilizing information provided by the Business Network’s Offshore Wind Market Dashboard, DNV staff will share unique market insights and analysis.
Panelists will discuss the pros and cons of different offshore wind to hydrogen strategies. Should we expect to see distributed offshore electrolysis paired with the turbines themselves? Or will we more likely see centralized offshore hydrogen electrolysis? Alternatively, is it most likely that we will see centralized onshore production? Panelists will discuss what factors might tip the scale in one direction and will address supply chain implications for these different configurations.
Ammonia production already accounts for nearly 2% of global carbon dioxide emissions, with demand for ammonia rapidly increasing. Policymakers have begun calling for low-carbon solutions, especially with an eye towards ammonia as a carbon-neutral fuel source for heavy vessels. Could offshore wind serve as a power source for ammonia production? If so, what would that market look like, and what barriers need to be addressed for offshore wind to be a cost-competitive source of power?
Permitting remains a complex challenge for the rapid deployment of offshore wind. As new markets emerge for alternative offtakes, what frameworks can be put in place to ensure that these new technologies don’t encounter the same initial hurdles to deployment? Rapidly evolving technologies will require new approaches to ensure that projects are built in a safe and environmentally-sound manner, while not holding back innovation. Our expert panelists will share their visions on permitting approaches for power-to-x activities.
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The Inflation Reduction Act creates a long-term and potentially lucrative market for carbon capture and sequestration activity. Current analysis has identified the Gulf of Mexico as a potentially ideal location for large-scale carbon sequestration. The Bureau of Ocean Energy Management’s newly established Wind Energy Area off the coast of Galveston is located near this carbon sink. With an auction expected later this summer, could there be a market for offshore wind powered carbon sequestration. If so, what are the engineering hurdles that must be addressed, and what financial considerations will make or break this market?
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As vessel owners seek to reduce their carbon footprint, alternative fuel sources have begun to gain traction. If offshore wind develops as a favorable form of power for alternative vessel fuels, could there be a day in the near future where vessels can re-fuel at wind farms without coming into port? Panelists will explore the market potential for this innovative offshore wind offtake opportunity, and what it may mean for project design and supply chain development.
Closing Remarks
Sponsored by Netsco
Sessions will be taking place from 9:00 a.m. CST to noon on February 4.
DNV
1400 Ravello Drive
Houston, TX 77449
The OSW Power-to-X Summit will be held at DNV’s Houston offices. The Network has secured a block of discounted hotel rooms at Hyatt Place Houston/ Katy (1401 N. Westgreen Blvd. Katy, Texas, 77449). Click here to book your room at the discounted rate ($89-99/night). You must make a reservation by August 12 to secure the discount.
The OSW Power-to-X Summit will bring together 125+ companies from a diverse number of sectors. The Summit offers your company the opportunity to showcase your products and services directly to industry professionals with purchasing power. Download our Sponsorship Opportunities PDF to learn more.
Offshore wind, as a uniquely consistent and large-scale form of renewable energy, provides a rare opportunity to deliver carbon-free power to major sources of demand. Alternative energy offtakes provide a market expansion opportunity for many industries, adding additional revenue streams for projects on top of traditional interconnection onto the grid.
The Summit will address many exploratory questions related to offshore wind power offtake. For example, it is critical to understand how hydrogen electrolyzer strategies will impact supply chain development. Does it make sense for electrolyzers to be distributed throughout the array? Centralized for offshore production? Or centralized for onshore production? Alternative offtake options may also offer an opportunity to power long-duration energy storage systems, providing more reliability to the grid.
As alternative energy offtakes develop, supply chain companies need to better understand how this may impact project timing and design. The OSW Power-to-X Summit will explore these questions, as well as issues surrounding cost, permitting challenges, and what co-location strategies make the most sense. The Summit will also serve as a platform for companies to showcase their newest and most innovative ideas, moving the market forward and finding creative solutions for common problems.
The Business Network for Offshore Wind is firmly committed to the health and safety of our attendees, exhibitors, and sponsors – your health and well-being are our number one priority. Please review the Business Network for Offshore Wind’s COVID-19 Health & Safety Guidelines detailed on the Network website.
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